Personal lines (auto, home, boat, personal items) policyholders can register to view and print policy documents, including auto ID cards. Directly billed policyholders can also view and print billing statements.
Directly billed policyholders can make a one-time premium payment online from your bank account or credit card using this feature.
Personal lines (auto, home, boat, personal items) policyholders can register to view and print policy documents, including auto ID cards. Directly billed policyholders can also view and print billing statements.
Directly billed policyholders can make a one-time premium payment online from your bank account or credit card using this feature.
You have discussed your life insurance needs with your agent and you're ready to complete an application. What's next? That depends. Your age, health, type of policy and amount of coverage determines the information required for your life insurance application.
An application typically covers a broad range of basic information such as:
Based on your answers, the life insurance company may request more information from you. In some cases, you may need to complete a paramedical exam, phone interview or electrocardiogram (ECG). You may also need to provide medical records from your physician. Be honest on your application. Attempting to conceal information may result in a higher premium or coverage being declined. Even worse, the insurance company could deny your loved ones the valuable death benefit at claim time.
While a paramedical exam may make you nervous, it is a great way to get a better idea of your overall health. The examiner will schedule a convenient time and place to complete the exam. During the exam, they will record information like height, weight, blood pressure and tobacco use.
There will also be questions about your medical history. Next, the examiner may collect blood and urine samples. Overall, the process takes about 30 minutes and is usually free to the applicant. You’ll receive a copy of the report that you may review with your physician.
Some companies offer life insurance with no medical exams. If you apply for one of these policies, you may think you do not need to disclose your medical information. While you may have the chance to be approved without a medical exam, there is no guarantee that you will receive a policy.
These life insurance companies often achieve their “no medical exam” practice by charging higher premiums. They rely on credit reports and use information gathered from prescription databases. They also review medical information disclosed on the application and establish guidelines around who qualifies for the program. So what happens if an applicant does not fit the mold of a target client? Typically, the insurance company then directs the applicant to complete a medical exam to continue the application.
Applying for life insurance through your workplace usually requires very little underwriting information. The life insurance company is relying on a fair distribution of risk and generally healthy employees. However, group life insurance coverage may not always be the best solution for your needs. If you leave your employer, you may not be able to continue the life insurance policy.
Like many things, life insurance is not “one size fits all.” Insurance needs differ from person to person and from one stage of life to another. Contact your independent agent to design a life insurance program that meets those needs and grows with you.
Neither The Cincinnati Life Insurance Company nor its affiliates or representatives offer tax or legal advice. Consult with your tax adviser or attorney about your specific situation. For policy service and additional information, speak to an independent agent representing The Cincinnati Life Insurance Company. For a complete statement of the coverages and exclusions, please see the policy contract. All applicants are subject to underwriting approval. Products and riders available in most states.
